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NioGold Mining Corporation (TSXV:NOX) announced an update on the 2011 exploration drilling program conducted on the Company’s wholly-owned Malartic Block property, located in the Malartic gold camp, Abitibi region of Quebec.
NioGold Mining Corporation (TSXV:NOX) announced an update on the 2011 exploration drilling program conducted on the Company’s wholly-owned Malartic Block property, located in the Malartic gold camp, Abitibi region of Quebec.
As quoted in the press release:
A $2.5-million program began in April and is scheduled to be completed by late December. Three drill rigs are currently in operation. Highlights are given for the first 24 holes (CW‑11‑016 to 039) drilled within the southern portion of the property:
-Two important altered, veined and sulphide mineralised shear zones were discovered in sedimentary rocks;
-The 8.6-metre wide mineralised structure returned gold values averaging 3.15 g/t Au over 6.5 metres including an interval of 12.65 g/t Au over 0.9 metre;
-The program has now shifted to the northern half of the property to investigate an unexplored four-kilometre stretch of the gold bearing Norbenite-Marbanite fault zone.
Click here to read the NioGold Mining Corporation (TSXV:NOX) press release
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